ExamozhiAsk AI about this →
📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 9poem

loss account as follows :

Chapter 10: Financial Statements - II · ACCOUNTANCY

loss account as follows : Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding , Gross profit c/d , , , , , Salaries , Gross profit b/d , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , , commission Net profit (transferred to , Ankit’s capital account) , ,

Related topics

n chapter 9, you learnt about the preparation of→simple final accounts in the format of trading and→profit and loss account and balance sheet. The→preparation of simple final accounts pre-supposes→the absence of any accounting complexities which→

Have a question about this topic?

Get an AI answer grounded in your actual textbook — with the exact page reference.

Ask AI about this topic →